Do Many NFL Players Go Bankrupt?

Within two years after finishing their careers, about 78% of NFL players go
bankrupt.

The average yearly salary for National Football League (NFL) players is
more than $1 million US Dollars (USD), but NFL players have one of the
highest bankruptcy rates of any profession. About 78% of NFL players go
bankrupt within two years after retirement. One factor is thought to be a
high divorce rate, which is estimated to range from 60% to 80% of
professional athletes and typically occurs after retirement, when there is
no longer the same income stream. Another factor is thought to be players
investing their funds in fraudulent or risky ventures. Professional
football players also have an average career span of just 3.5 years and can
be cut from teams after injuries — often losing any salary they were due
to earn in future seasons — whereas athletes in some other sports, such
as Major League Baseball, typically have fully guaranteed contracts.
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